Identifying a dominant firm's market power among sellers of a homogeneous product: an application to Alcoa
AbstractThis paper measures the extent of Alcoa's (dominant firm) market power in the post-war US aluminium industry. An indirect procedure that combines estimation of the fringe supply elasticity, market demand elasticity, and extant market share data generates the estimate of Alcoa's residual demand elasticity which infers the firm's market power. Results show that Alcoa's market power declines with fringe's expansion.
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Bibliographic InfoArticle provided by Taylor & Francis Journals in its journal Applied Economics.
Volume (Year): 34 (2002)
Issue (Month): 11 ()
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- Jiawei Chen, 2006. "The Effects of Mergers with Dynamic Capacity Accumulation," Working Papers 060701, University of California-Irvine, Department of Economics.
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